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NCD Status: Closed [9th Jan 2023 to 27th Jan 2023]
Incred Financial Services Limited Issue secured and Redeemable NCD comprises Base issue size worth of Rs 175.00 Cr and Shelf issue size of worth Rs 350.00 Cr. The subscription is opening from 09 Jan 2023 to 27 Jan 2023. . The issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The face value of each NCD is Rs 1000 and the NCD tenor and Series is not declared yet.
Check more about the Incred Financial Services Limited NCD 2023 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
NCD Opening Date: | 9th Jan 2023 |
NCD Closing Date: | 27th Jan 2023 |
NCD Type: | Secured NCD |
Issue Size (Base): | ₹175.00Cr |
Issue Size (Shelf): | ₹350.00Cr |
Face Value: | Rs 1000 each NCD |
Issue Price: | Rs 1000 per NCD |
Market Lot: | 1 NCD |
Min Order Qty: | 10 NCD |
Min Order Amount: | Rs 10000 |
Listing at: | BSE, NSE |
Tenor: | 27 and 39 months |
Rating: | CRISIL A+/Stable by CRISIL Ratings Limited |
Series: | Series I to IV |
Payment Frequency: | Annual and Quarterly |
Basis of Allotment: | |
Interest on return: |
Zerodha Trade@20
NCD Activity | Date |
---|---|
NCD Issue Open | 9th Jan 2023 |
NCD Issue Close | 27th Jan 2023 |
BSE Code: | 2888 |
NSE Code: | INCR23 |
* - Tentative Dates
Category Name | NCD's Reserved | NCD's Allocated |
---|---|---|
Institutional | 350000 | 20% |
Non-Institutional | 350000 | 20% |
HNI | 525000 | 30% |
Retail | 525000 | 30% |
This Company was incorporated as Multiflow Financial Services Private Limited on February 3, 1995. The Company changed its name to KKR India Financial Services Private Limited and further the name was changed from KKR India Financial Services Limited to InCred Financial Services Limited. They are a non-deposit taking systemically important NBFC registered with the RBI. The Company caters to lower middle class to middle class Indian households for their personal finance needs like education loans, personal loans.
Correspondingly, it also offers secured and unsecured business loans to small businesses, secured loan to K12 Indian schools for their expansion plans, supply chain financing, lending to profitable financial Institutions and micro finance companies and escrow backed lending through its SME vertical.
Pre-demerger KKR was engaged in providing strucutred funding, promoter financing and mezzanine financing. To consolidate the non-banking financing business related to reail and SME lending and ancillary financing activites undertaken by Pre-demerger InCred, InCred Demerged Undertaking was merged with Pre-demerger KKR to achieve greater economies of scale, operational ratinalisation and organisational efficiency, wider market reach and customer base, pooling of knowledge and expertise, and to reduce redundant cost.
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
---|---|---|---|---|
31-Mar-20 | 2232.1 | 332.67 | 5.16 | 1040.5 |
31-Mar-21 | 2804.53 | 392.48 | 2.17 | 1054.01 |
31-Mar-22 | 4034.65 | 524.27 | 30.83 | 1115.19 |
30-Sep-22 | 6194.28 | 398.12 | 46.76 | 2391.19 |
Amount in ₹ Crore |
The company proposes to utilize the funds which are being raised through the Issue:
Incred Financial Services Limited NCD Coupon Rates
# | Series 1 | Series 2 | Series 3 | Series 4 |
---|---|---|---|---|
Frequency of Interest Payment | Quarterly | Annual | Quarterly | Annual |
Nature | Secured | Secured | Secured | Secured |
Tenor | 27 months | 27 months | 39 months | 39 months |
Coupon Rate (Retail) | 9.45% | 9.80% | 9.65% | 10.00% |
Effective Yield (% per Annum) | 9.78% | 9.82% | 10.00% | 10.02% |
Amount on Maturity | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
InCred Holdings Limited (erstwhile known as KKR Capital Markets India Limited), and Bhupinder Singh are the promoters of the company.
The company has received rating of CRISIL A+/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.
Last Updated on 2023-02-14T23:30:25+00:00